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World - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Overview of the Global Market for Frozen Fish And Seafood

Market Size for Frozen Fish And Seafood

The global frozen fish and seafood market fell remarkably to $X in 2020, which is down by -X% against the previous year. In general, consumption, however, saw a noticeable increase. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, the global market attained the peak level at $X in 2019, and then contracted notably in the following year.

Production of Frozen Fish And Seafood

In value terms, frozen fish and seafood production amounted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2012 to 2020; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Global production peaked in 2020 and is likely to see steady growth in the immediate term.

Production By Country

China (X tonnes) remains the largest frozen fish and seafood producing country worldwide, accounting for X% of total volume. Moreover, frozen fish and seafood production in China exceeded the figures recorded by the second-largest producer, Russia (X tonnes), fourfold. The third position in this ranking was occupied by India (X tonnes), with a X% share.

In China, frozen fish and seafood production increased at an average annual rate of +X% over the period from 2012-2020. In the other countries, the average annual rates were as follows: Russia (+X% per year) and India (+X% per year).

Exports of Frozen Fish And Seafood

Exports

In 2020, the amount of frozen fish and seafood exported worldwide reduced markedly to X tonnes, declining by -X% compared with the previous year. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Global exports peaked at X tonnes in 2019, and then dropped significantly in the following year.

In value terms, frozen fish and seafood exports declined remarkably to $X in 2020. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, global exports reached the maximum at $X in 2019, and then shrank markedly in the following year.

Exports by Country

China (X tonnes) and Russia (X tonnes) represented roughly X% of total exports of frozen fish and seafood in 2020. Viet Nam (X tonnes) ranks next in terms of the total exports with a X% share, followed by India (X%), the U.S. (X%) and Norway (X%). Ecuador (X tonnes), Spain (X tonnes), Indonesia (X tonnes), Mauritania (X tonnes), Japan (X tonnes), Chile (X tonnes) and the Netherlands (X tonnes) held a relatively small share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India, while exports for the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen fish and seafood supplying countries worldwide were China ($X), India ($X) and Russia ($X), together accounting for X% of global exports.

In terms of the main exporting countries, India saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen fish and seafood export price stood at $X per tonne in 2020, flattening at the previous year. Over the last eight-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Global export price peaked at $X per tonne in 2018; afterwards, it flattened through to 2020.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Chile ($X per tonne), while Mauritania ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports

After four years of growth, supplies from abroad of frozen fish and seafood decreased by -X% to X tonnes in 2020. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, global imports attained the peak figure at X tonnes in 2019, and then fell in the following year.

In value terms, frozen fish and seafood imports shrank dramatically to $X in 2020. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Global imports peaked at $X in 2019, and then declined sharply in the following year.

Imports by Country

In 2020, China (X tonnes), distantly followed by the U.S. (X tonnes), Japan (X tonnes), South Korea (X tonnes), Spain (X tonnes) and Thailand (X tonnes) were the major importers of frozen fish and seafood, together achieving X% of total imports. The following importers - the Netherlands (X tonnes), Russia (X tonnes), Germany (X tonnes), Nigeria (X tonnes), France (X tonnes), Italy (X tonnes) and Viet Nam (X tonnes) - together made up X% of total imports.

China was also the fastest-growing in terms of the frozen fish and seafood imports, with a CAGR of +X% from 2012 to 2020. At the same time, Viet Nam (+X%), the Netherlands (+X%) and South Korea (+X%) displayed positive paces of growth. Spain and the U.S. experienced a relatively flat trend pattern. By contrast, France (-X%), Italy (-X%), Germany (-X%), Russia (-X%), Japan (-X%), Thailand (-X%) and Nigeria (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global imports, while Japan and Thailand saw its share reduced by -X% and -X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of global imports.

In terms of the main importing countries, China saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish and seafood import price stood at $X per tonne in 2020, reducing by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Global import price peaked at $X per tonne in 2019, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while Nigeria ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen fish and seafood in the world?
+
China (16M tonnes) constituted the country with the largest volume of frozen fish and seafood consumption, accounting for 32% of total volume. Moreover, frozen fish and seafood consumption in China exceeded the figures recorded by the second-largest consumer, Russia (2.9M tonnes), fivefold. The U.S. (2.6M tonnes) ranked third in terms of total consumption with a 5.2% share.
What are the largest producers of frozen fish and seafood in the world?
+
China (15M tonnes) constituted the country with the largest volume of frozen fish and seafood production, accounting for 31% of total volume. Moreover, frozen fish and seafood production in China exceeded the figures recorded by the second-largest producer, Russia (4M tonnes), fourfold. The third position in this ranking was occupied by India (2.4M tonnes), with a 5% share.
What are the leading suppliers of frozen fish and seafood in the world?
+
In value terms, the largest frozen fish and seafood supplying countries worldwide were China ($9.8B), India ($5B) and Russia ($4.4B), with a combined 29% share of global exports.
What are the leading importers of frozen fish and seafood in the world?
+
In value terms, the U.S. ($12B), China ($8.6B) and Japan ($7.1B) appeared to be the countries with the highest levels of imports in 2020, together comprising 42% of global imports.
What is the average export price for frozen fish and seafood in the world?
+
The average frozen fish and seafood export price stood at $3,758 per tonne in 2020, flattening at the previous year.
What is the average import price for frozen fish and seafood in the world?
+
In 2020, the average frozen fish and seafood import price amounted to $3,619 per tonne, reducing by -1.7% against the previous year.

Product coverage:
• Prodcom 10201330 - Frozen whole salt water fish
• Prodcom 10201360 - Frozen whole fresh water fish
• Prodcom 10201400 - Frozen fish fillets
• Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
• Prodcom 10201600 - Frozen fish livers and roes

This report provides an in-depth analysis of the global market for frozen fish and seafood. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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